(CNN) — Fannie Mae, Freddie Mac, and the Federal Housing Administration own about 250,000 foreclosed properties awaiting resale. Hundreds of thousands of additional units will likely be taken over by the government and become available in the next few years.…Read more ›

CLEVELAND — Cleveland City Councilman Tony Brancatelli and Cuyahoga County Councilman Dan Brady were unanimously elected as Chairman and Vice Chairman of the Board of the Cuyahoga County Land Reutilization Corporation Friday, better known as the “Land Bank.” Brancatelli’s been…Read more ›

CLEVELAND, Ohio — The governing board of the Cuyahoga County land bank has resolved its months-long feud with county Executive Ed FitzGerald over the right to appoint members. By a 5-2 vote Friday, the board approved new bylaws that require…Read more ›

The Mission of the Cuyahoga County Land Reutilization Corp. is to strategically acquire properties, return them to productive use, reduce blight, increase property values, support community goals and improve the quality of life for county residents. A major aspect of…Read more ›

In a Washington Post article titled “Banks turn to demolition of foreclosed properties to ease housing-market pressures,” Brady Dennis reports that Cuyahoga County’s aggressive land bank is serving as a model for other regions nationwide. “The sight of excavators tearing…Read more ›

We often hear that “elections have consequences.” Far too often in this era of hyper partisanship, its meaning boils down to: I won. You lost. I get my way. Meeting with congressional leaders in January 2009, newly inaugurated President Barack…Read more ›

The Cuyahoga Land Bank partnered with University Circle Inc, Cuyahoga County and the City of East Cleveland to extend the boundaries of University Circle by building new townhomes at the border of Cleveland and East Cleveland. President Gus Frangos joined…Read more ›

In Cleveland some banks are losing so much money holding onto run-down foreclosures that they are bulldozing the properties and giving them away. The properties are turned over to the Cuyahoga County Land Reutilization Corp. under a 2009 Ohio…Read more ›

Vittorio Hernandez – AHN News Cleveland, OH, United States (AHN) – Some U.S. banks have started to demolish foreclosed properties and are even paying for the cost, which saves the financial institutions from maintenance, taxes and real estate marketing expenses.…Read more ›

The sight of excavators tearing down vacant buildings Cleveland buildings has become common in this foreclosure-ravaged city, where the housing crisis hit early and hard. But the story behind the recent wave of demolitions is novel — and cities around…Read more ›

Four years into this city’s housing crisis, it has often become cheaper for banks to give away a home and pay to demolish it than continue to hold on. And places across the country are watching. Read it from the…Read more ›

Cleveland — The sight of excavators tearing down vacant buildings has become common in this foreclosure-ravaged city, where the housing crisis hit early and hard. But the story behind the recent wave of demolitions is novel — and cities around…Read more ›

We are a partner in the restoration of the Sylvia apartment building in Cleveland’s Detroit Shoreway neighborhood, providing NSPII funding to the project. We joined other project partners at the groundbreaking ceremony.

Berea was ready to create a new Uptown District – a blending of homes, small commercial businesses, entertainment spots and green space – but one factor stood in the way: a pair of vacant auto dealerships on Front Street. The…Read more ›

We take it for granted that firefighters know what to do when they rescue someone from a collapsed building – but how do they train for such a job? “Thanks to the Land Bank, we now can go into real…Read more ›

No one expected the Public Broadcasting System (PBS) would choose the Cuyahoga Land Bank to illustrate how America’s cities are responding to the foreclosure crisis – but perhaps we should have. After all, with some 13,000 vacant or abandoned houses…Read more ›

Last week, we began to reimagine seven acres in East Cleveland, when we started the demolition of 27 apartment buildings and 31 homes that had long stood vacant and abandoned on Hartshorn Avenue, in addition to the deconstruction on five…Read more ›